Brands
Maxposure Ltd celebrates IPO listing on NSE emerge
Mumbai: Maxposure Ltd officially debuted on NSE-emerge, with its shares being listed under the scrip code: MAXPOSURE. The listing ceremony, organised at NSE, Mumbai, was a momentous occasion, marked by the presence of anchor investors, dignitaries from NSE, senior Maxposure executives, and key stakeholders, celebrating the company’s milestone achievement.
The chief guest at the listing ceremony was acclaimed actor and producer Arbaaz Khan. Khan congratulated. Maxposure Ltd chairman and managing director Prakash Johari said, “I extend my heartfelt congratulations to Johari and the entire Maxposure team. I am thrilled to witness the tremendous acclaim that the IPO has received, and I foresee exciting collaborations in the future. I am delighted to be here at the listing ceremony and offer my support to the team.”
Johari shared his enthusiasm for the support received from Khan and said, “My board and I are elated by the encouragement extended by Mr. Khan, a distinguished name in the Indian entertainment landscape.”
Johari also expressed heartfelt gratitude to investors and stakeholders, stating, “We deeply appreciate the enthusiastic support received, highlighting the confidence and trust our stakeholders have bestowed upon us. This remarkable success inspires us to remain steadfast in delivering significant value to our shareholders, positioning us for continuous growth and ongoing success.”
Operating in collaboration with government and private clients both in India and worldwide, Maxposure Limited is organised into four distinct business divisions: Inflight Entertainment, Content Marketing, Technology, and Advertising.
Incorporated in 2006, Maxposure Limited is one of the few companies in India that offers 360-degree services across multiple content distribution platforms. The company’s innovative and diverse service portfolio and result-oriented strategies have aided in curating an industry-wide client selection across various geographies. Maxposure Limited has been associated with aviation and travel industry leaders, including IndiGo, Air India, Gulf Air, Air Arabia, Incredible India, Madhya Pradesh Tourism Board, Ministry of External Affairs, Oberoi Hotels and Resorts, the Taj Group of Hotels to name a few.
Brands
Kwality Wall’s reports standalone losses following strategic HUL demerger
Ice cream major faces Rs 64 crore Ebitda loss amid commodity inflation and muted Q3 sales
MUMBAI: Kwality Wall’s (India) Limited (KWIL) has released its first set of financial results as a standalone entity, revealing a challenging start to its independent journey. Following its successful demerger from Hindustan Unilever Limited (HUL) on 1st December 2025 and its subsequent listing on 16th February 2026, the company is navigating a transition period marked by structural changes and high input costs.
For the quarter ended 31st December 2025, the company reported revenue of Rs 222 crores. Despite the revenue base, the bottom line was impacted by several factors, resulting in an Ebitda loss of Rs 64.2 crores. When calculated on a Pre-IND AS 116 basis, the Ebitda loss stood at Rs 83.8 crores.
Organic Sales Growth (OSG) declined by 6.5 per cent year-on-year during the quarter. Volume growth, however, saw a marginal increase of 1.2 per cent. The company reported a gross margin of 41.5 per cent. Additionally, exceptional expenses amounting to Rs 94 crores were recorded, primarily linked to non-recurring costs during the transition phase.
Performance across portfolios and channels was mixed. Within the impulse portfolio, brands such as Magnum and Cornetto recorded mid-single digit volume growth, indicating steady demand in on-the-go consumption. However, the in-home portfolio, which includes take-home packs, experienced muted consumption. The company is planning a relaunch of this category with improved offerings ahead of the 2026 season.
Quick commerce (Q-Com) continued to emerge as a strong growth driver, delivering robust double-digit growth during the quarter. Meanwhile, the company also expanded its physical distribution network by increasing the number of company-owned cabinets across markets.
Margin pressure during the quarter was driven by a combination of one-off factors and broader cost inflation. Gross margins were impacted by around 600 basis points due to trade investments made for stock liquidation. Additionally, cocoa price inflation contributed to another 400 basis points of pressure on margins.
Deputy managing director Chitrank Goel attributed the muted performance partly to prolonged monsoons and transitional challenges linked to the GST framework. Operating expenses also increased as the company invested in establishing its standalone supply chain, operational systems and corporate infrastructure following the demerger.
Looking ahead, the management remains focused on a volume-driven growth strategy. To restore profitability, the company has initiated a cost productivity programme aimed at reducing non-consumer-facing costs. It is also working on building regional manufacturing networks to optimise logistics expenses and improve operational efficiency.
The commodity outlook for the near term remains mixed. Dairy prices are expected to remain firm due to tight supply conditions and rising fodder costs. Sugar prices may also move higher following increases in the Minimum Selling Price (MSP). While cocoa prices have moderated recently, currency depreciation has offset some of the potential cost relief for the company.
